All Time Plastics Q4FY26 Revenue Dips to ₹145.8 Crore

Revenue grew 9.4% to ₹610.4 crores from ₹558.2 crores in FY25
Gross profit grew 7.3% to ₹239.3 crores with gross margin of 39.2%
EBITDA stood at ₹90.1 crores with 14.8% margin
PAT was ₹35.6 crores with 5.8% margin versus ₹47.3 crores in FY25
Depreciation increased to ₹29 crores from ₹23.5 crores in FY25
Operating cash flow generation was strong at ₹86.3 crores, more than double FY25's ₹39.4 crores
Net working capital days improved to 57 days in FY26 from 74 days in FY25
ROCE stood at 10.3% and ROE at 8.3%

Total polymer volume processed for FY26 stood at 26,300 metric tons (broadly in line with FY25's 26,230 metric tons)
Recycled polymer volume grew to 8,022 metric tons in FY26 from 7,136 metric tons in FY25
Total installed capacity as of March 31, 2026 stands at approximately 39,000 tons per annum
Supported by over 170 injection moulding machines

Khatalwada facility in Gujarat has completed its targeted March 2026 expansion
Balance capacity of 6,000 metric tons under expansion program remains on track to take total capacity to 52,500 tons
Current capacity utilization averaged 73% for FY26
Targeting 70-75% utilization for FY27

Signed lease agreement for 75,000 square feet facility at Madanpur, Guwahati effective May 2026
Will serve as dedicated bamboo board manufacturing unit with installed capacity of 3,000 cubic meters per annum in first phase
Machinery orders placed in entirety
Expected revenue potential of approximately ₹60 crores at maximum utilization
Capex investment of approximately ₹15 crores
Expected to start contributing in H2 FY27

West Asia geopolitical crisis triggered sharp rise in raw material prices and significant supply chain disruptions
Port congestion, extended transit delays and non-availability of critical inputs impacted production schedules in late Q4
Estimated 10-15% of Q4 volume shifted to Q1 FY27
Approximately ₹3-5 crores worth of exports moved from March to April due to disruptions
Raw material prices have moderated 10-15% from peaks

Raw material price increases of 22-25% from previous base levels
Customers able to absorb 10-12% price increases maximum
Company absorbing margin impact temporarily with expectation to maintain higher pricing long-term
Approximately 15-20% of revenue affected by pricing pressure

Domestic business contributed 17% of revenue in FY26
Targeting to increase domestic/B2C contribution to 22-25% in next 1-1.5 years
Investing in brand building, general trade expansion, e-commerce presence, and new product categories
Current B2C contribution at approximately 14%

Expect margin improvement in H2 FY27 as sales improve and fixed costs are absorbed
Targeting better margins in FY27 than FY26
Order books look quite okay with no cancellations observed
Seeing some customer shipment deferments but no forecast changes
Supply conditions slowly improving with customer acceptance of price changes